NATO vs PPA

ANATO

BPPA

Measures won2–2level · of 6 · 5Y

$10,000 · 5Y$33,824SMH · PPA $21,409

Lowest cost0.35%NATO · $35 on $10k

Most income0.48%NATO · $48 on $10k

Smallest drop−18.4%PPA · worst fall in 1Y

Held in common58.8%NATO and PPA

NATO

PPA

Themes ETF Trust - Themes Transatlantic Defense ETF · $88MInvesco Aerospace & Defense ETF · $7.4B

[…]3 years · per year[…] · $18,861+23.6%

[…]5 years · per year[…] · $21,409+16.4%

0.35%Expense ratio$35 · $58 on $10k · lower wins0.58%

0.48%12-mo yield$48 · $44 on $10k0.44%

−19.4%Worst dropSmaller wins−18.4%

22.8%VolatilityLower wins22.1%

2–2Level

$10,000 · 5 yearsAll three, one scale

Shared top holdingsNATO · PPA

8.5%RTX9.5%

8.4%GE9.4%

6.8%BA8.2%

5.2%LMT9.2%

Held in common58.8%

End-of-day Nov 5, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	SMH	VanEck Semiconductor ETFRead Desk	0.35%	0.25%	−11.2%	+24.3%	+27.3%	+48.4%	+27.6%	−33.1%	$57.7B
2	BPPA	Invesco Aerospace & Defense ETFRead Desk	0.58%	0.44%	−4.0%	−3.3%	−2.5%	+23.6%	+16.4%	−18.4%	$7.4B
3	ANATO	Themes ETF Trust - Themes Transatlantic Defense ETFRead Desk	0.35%	0.48%	−4.0%	−6.9%	−5.8%	new	new	−19.4%	$88M

End-of-day Nov 5, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	SMH	VanEck Semiconductor ETFRead Desk	0.35%	0.25%	−11.2%	+24.3%	+27.3%	+48.4%	+27.6%	−33.1%	$57.7B
2	BPPA	Invesco Aerospace & Defense ETFRead Desk	0.58%	0.44%	−4.0%	−3.3%	−2.5%	+23.6%	+16.4%	−18.4%	$7.4B
3	ANATO	Themes ETF Trust - Themes Transatlantic Defense ETFRead Desk	0.35%	0.48%	−4.0%	−6.9%	−5.8%	new	new	−19.4%	$88M

End-of-day Nov 5, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

NATO vs PPA

NATO

Themes ETF Trust - Themes Transatlantic Defense

[…]

PPA

Invesco Aerospace & Defense

$21,409

MeasureNATOPPA

Fee0.35%0.58%

Cost on $10k a year$35$58

Yield0.48%0.44%

5 years, per year[…]+16.4%

3 years, per year[…]+23.6%

Worst drop · 1Y−19.4%−18.4%

Volatility · 1Y22.8%22.1%

2–2measures won
level

58.8%

holdings shared

Nov 5, 2026 · $10,000 five years ago, dividends reinvested

SOXX vs SMH

YTD

iSharesSOXX

+31.6%

SMHVanEck

+24.3%

+31.6%Year to date+24.3%

0.33% · $33Fee · on $10k a year0.35% · $35

$37.6BAssets$57.7B

2–0SOXX wins

End-of-day Nov 5, 2026

SCHD vs VIG

YTD

SchwabSCHD

+32.3%

VIGVanguard

+12.5%

+32.3%Year to date+12.5%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 5, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+8.5%

JEPIJ.P. Morgan

+5.2%

+8.5%Year to date+5.2%

12.2%Yield8.1%

$42.6BAssets$46.8B

2–0JEPQ wins

End-of-day Nov 5, 2026

Overlap: NATO, PPA, SMH

Today

58.8%most shared, NATO and PPA

NATOPPASMH

NATO—58.8%0.0%

PPA58.8%—0.0%

SMH0.0%0.0%—

End-of-day Nov 5, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$13most kept, NATO

NATO$48 − $35 = $13

SMH$25 − $35 = −$10

PPA$44 − $58 = −$14

KeptFee

End-of-day Nov 5, 2026 · yield in dollars minus the fee